This document contains a short explanation of Capital Gains Tax, the allowances available in the 2024/25 tax year, and how you can use it in your year end tax planning.
General
This section contains miscellaneous & general financial information that you may find useful when dealing with certain life events.
Civil partnerships in the United Kingdom, granted under the Civil Partnership Act 2004, allow couples to obtain essentially the same rights and responsibilities as marriage. Initially the Act permitted only same-sex couples to form civil partnerships. This was altered to include opposite-sex couples in 2019. Though from March 2014 full same-sex marriage was legalised in England, Scotland and Wales, civil partnership remains available. Designed to be very much equivalent to marriage for same sex couples, a civil partnership carries both rights and responsibilities, in very broad terms, attracting the same legal and tax protections/advantages/disadvantages as a traditional marriage. This article explains further.
A short explanation of Inheritance Tax and how to plan for it in your tax planning.
UK News
The tax authority said it is writing to those affected to confirm they haven't lost any money and they don't need to do anything
The firm made the agreement with the US Justice Department over two accidents that killed 346 people in 2018 and 2019.
One retailer says it's the "biggest gaming pre-order ever" - but there questions over whether high prices will dent sales.
The firm says the cost will be met by shareholders rather than increasing customers' bills.
The Chancellor faces tough choices about spending across different government departments.